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Musical Instrument Development
Oct 31, 2018

In 2010, China's musical instrument industry faced uncertain factors at home and abroad: the continued depreciation of the US dollar and the spread of the Eurozone debt crisis are still the main reasons affecting the export of Chinese musical instruments; the domestic economy is still in the post-financial crisis, raw materials, labor costs, energy prices are still In the upward trend, the CPI index that appeared after half a year has soared. The inflation factor has made the instrument industry face a more severe test. The profit margin of musical instrument production and sales is shrinking, and China's musical instrument industry has entered an inflection point. The production of musical instruments relies only on cheap labor and resources, and the extensive economic development of low-cost popular instruments has lost its advantage.

The main economic indicators increased by double digits year-on-year, and the growth rate was higher than that of 2009. In 2010, the current industrial output value of enterprises above designated size in the musical instrument industry reached 22.079 billion yuan, an increase of 25.82% over 2009. The industrial sales value was 21.53 billion yuan, an increase of 22.91% over 2009.

The export of musical instruments returned to the best level in history before the financial crisis. In 2010, Chinese musical instruments were exported to 180 countries in the world, with exports reaching 1.467 billion US dollars, an increase of 20.48% year-on-year, and maintaining the status of the world's largest exporter.

The quality of musical instruments has been further improved, the proportion of medium and high-end musical instruments has increased, and the proportion of exported musical instruments has decreased. The standardization of musical instruments was carried out in an orderly manner. In 2010, 15 standard project plans were completed, 1 national standard and 14 lines were marked; the review completed the cleanup, review and revision of 49 standards before 2005. National standards for the "Limited Quantity of Hazardous Substances in Musical Instruments" involving human health began to be formulated. The standard level of musical instruments formulated during the "Eleventh Five-Year Plan" period has reached or is close to the current technical standards of advanced countries.

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